West Japan Railway (OTCMKTS:WJRYY) Stock Price Down 9.2% – Here’s What Happened

West Japan Railway (OTCMKTS:WJRYY) fell 9.2% during mid-day trading on Thursday. The company traded as low as $17.6510 and last traded at $17.6510. Approximately 2,070 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 49,084 shares. The stock had previously closed at $19.44.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of West Japan Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

West Japan Railway Stock Performance

The stock has a fifty day moving average price of $18.83 and a 200 day moving average price of $18.25. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 11.15 and a beta of 0.13.

West Japan Railway (OTCMKTS:WJRYY) last posted its earnings results on Wednesday, August 5th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.06. West Japan Railway had a return on equity of 9.37% and a net margin of 6.41%.The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.66 billion. West Japan Railway has set its FY 2027 guidance at 1.401-1.401 EPS. As a group, analysts predict that West Japan Railway will post 1.43 earnings per share for the current year.

About West Japan Railway

West Japan Railway Co, known as JR West, is a Japanese passenger railway company formed in 1987 following the breakup and privatization of Japanese National Railways. Headquartered in Osaka, the company serves western Japan, with a network covering major urban and regional areas in the Kansai, Chugoku and Hokuriku regions.

JR West operates conventional commuter and intercity rail services, as well as the Sanyo Shinkansen connecting Shin-Osaka with Hakata and the Hokuriku Shinkansen in western Japan.